| | NOVEMBER - 2022MANAGEHRMAGAZINE.COM8By Stella Sung , SVP, Head of Benefits and Health - North Asia, Lockton CompaniesEmployee wellbeing has been a widely discussed topic over the past year. The pandemic has certainly transformed the way employees think about work. Employee wellbeing is now more important than ever. So, what exactly is employee wellbeing? Today, it has expanded beyond physical health such as gym memberships, yoga classes or health checkup. Physical health is just one piece of the puzzle. It has now been broadened to other area of focuses, particularly in mental, financial, and social wellbeing.With the pandemic outbreak and various social distancing restrictions imposed, employers realized the need for a holistic approach to wellbeing. However, many organizations still struggle with the time, expertise, and resources to formulate an impactful wellbeing strategy for their employees. Say NO to the one size fits all approach for wellbeingThere is certainly no one size fits all strategy to wellbeing. Every company differs in terms of its visions, cultures, and characteristics. Managing an increasing multigenerational and diverse workforce brings a set of new challenges to the HR professionals. There are distinct generational differences in how the employees think the benefits package should look like and it could mean something very different to everyone within the workforce.To implement a successful employee wellbeing program, company should move away from one-off or ad-hoc wellbeing activities to a holistic strategy which truly embedding wellbeing as part of the organization culture. By focusing on the employee's needs, businesses require tailored wellbeing programs that look across all dimensions of employee wellbeing and place wellbeing at the center of their Total Reward & Benefits strategies.A data-driven approach to wellbeingThe diversity of employee health and wellbeing needs could be overwhelming. Many organizations fail to deliver the right program to their employees and often did not spend their budget in the right places that drives utilization and engagement. Data and analytics are essential to enable organization to make sound decision. There is no point of introducing a quit smoking campaign if no one in your organization smokes. At Lockton, we can support our client by using the big data in combination with their internal population data to help our EMPLOYEE WELLBEING: THE KEY TO SUCCESS IN THE FUTURE OF WORKStella SungIn MyOpinion
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